PSE Market Summary:
The Philippine Stocks Market was up by 42.15 or .70% to close at 6,093.90. Total trades reached 28,471 with 94 stocks advances, 71 declines and 44 stocks unchanged.
MEG Allots P25B in Iloilo
Megaworld (PSE:MEG) allots P25 billion for the entire development of the Iloilo Business Park. Outside of Metro Manila, Iloilo stands at the center of real estate expansion of MEG.
PGOLD Acquires 15 Foodmarts
Puregold Price Club, Inc. (PSE:PGOLD) announced the acquisition of 4 foodmarts and 15 Grocer E Supermarts from Company E Corporation. The acquisition shall be via purchase of all its outstanding shares.